The European Bank for Reconstruction and Development (EBRD) will provide a EUR 12m loan to seed producer May Tohum, according to a statement from the EBRD. The financing will be used by the company to expand its operations, renovate its manufacturing plants and R&D centers, and enhance the automation of R&D. The loan will also...
Tag: European Bank for Reconstruction and Development
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TSKB to receive EUR 53.5m EBRD loan for the green economy
The European Bank for Reconstruction and Development has provided a EUR 53.5m loan to the Industrial Development Bank of Turkey (TSKB). The loan will be used for investments in Turkish companies working on climate change solutions. The loan, granted within the frame of the EBRD’s Green Economic Financing Facilities (GEFF), will also be used for...
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EBRD to provide EUR 25m to BNP Paribas’ leasing subsidiary for SMEs
The European Bank for Reconstruction and Development (EBRD) will provide a EUR 25m loan to the France-based BNP Paribas Turkish leasing arm BNP Paribas Finansal Kiralama AS, according to a statement from the EBRD. The amount will be channeled to SMEs as well as companies that operate in the public sector for equipment investments to...
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EBRD to provide USD 25m to Garanti BBVA Leasing to be used by SMEs
The European Bank for Reconstruction and Development will provide a USD 25m loan to Garanti BBVA Leasing, the financial leasing arm of Garanti BBVA, to be used by eligible SMEs for investments in sustainability, according to a statement from the EBRD. This new loan has been distributed under the third phase of the Turkey Sustainable...
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EBRD to provide EUR 150m for railway project linking Europe and Asia
The European Bank for Reconstruction and Development (EBRD) will provide EUR 150m loan to the Turkish government for the construction of the 67-kilometer Ispartakule-Cerkezkoy high-speed railway line project linking Istanbul to the Bulgarian border, according to a statement from the bank. The loan will also support the Turkey’s transition to a low-carbon economy. The Ispartakule-Cerkezkoy...